# Calculate Monthly Payment by Chadcat

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```									                                                  CALCULATE MONTHLY PAYMENTS

HOWEVER, HERE'S MY QUESTION. HOW DO YOU KNOW YOU CAN
AFFORD THE MONTHLY PAYMENTS? MOST CAR SHOPPERS JUST
"THINK" THEY CAN AFFORD IT--THEY JUST GUESS AND THAT'S EXACTLY
THE PROBLEM! THEY ESTIMATE ONLY! I'M SURE THEY HAVE OTHER
OBLIGATIONS SUCH AS RENT OR MORTGAGE AND CREDIT CARDS TOO.

MY BOOK SHOWS YOU HOW TO RESOLVE T
CALCULATE MONTHLY PAYMENTS
CHANGE OR ADJUST THE RED NUMBERS ONLY!

SELLING PRICE                     \$25,000.00
DOWN PAYMENT                        \$0.00
AMOUNT FINANCED (PRINCIPAL)       \$25,000.00
MONTHLY LOAN TERM                     60
INTEREST RATE/APR                   8.00%
TOTAL MONTHLY PAYMENTS              506.92
TOTAL MONTHLY PAYMENTS             -\$506.92

-\$506.92
-\$506.92
-\$1,013.85
506.92

THE PROBLEM WITH CAR PAYMENT CALCULATORS

THE VALUE YOU SEE ON THE BLUE-GREEN HIGHLIGHTED AREA
REPRESENTS YOUR MONTHLY PAYMENTS BASED ON THE SELLING
PRICE OF THE VEHICLE AND THE ESTIMATED INTEREST RATE.

W DO YOU KNOW YOU CAN                       THEY TEND TO FORGET THAT THE PAYMENTS MAY HA
MOST CAR SHOPPERS JUST                   AN IMPACT IN THEIR QUALITY OF LIFE. IT MAY, FOR EXAMP
T GUESS AND THAT'S EXACTLY             MEAN LESS LESS MONEY FOR DINING OUT OR WATCHING MO
I'M SURE THEY HAVE OTHER             WORSE CASE SCENARIO IS THAT MORE MONEY MAY END UP G
AGE AND CREDIT CARDS TOO.                                     THAN COMING IN!

MY BOOK SHOWS YOU HOW TO RESOLVE THIS ISSUE BEFORE IT BECOMES A PROBLEM.
AT THE PAYMENTS MAY HAVE
F LIFE. IT MAY, FOR EXAMPLE,
ING OUT OR WATCHING MOVIES.
ORE MONEY MAY END UP GOING OUT
COMING IN!

OMES A PROBLEM.

```
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